The nation’s leading provider of loan origination technology has named a new chief executive officer.
Since Pleasanton, Calif.-based Ellie Mae Inc. was founded in 1997, Sig Anderman has served as the firm’s CEO.
Anderman shepherded
the mortgage technology provider through an initial public offering in 2011 and oversaw its transition to the New York Stock Exchange a year later.
Now, Anderman is handing off the reins.
On Monday, Ellie Mae announced that its board of directors has
appointed Jonathan Corr CEO. In addition, he has been elected to the board of directors.
Corr has spent the last three of his dozen years at the company as chief operating officer. He was named president in February 2013.
“As president and COO, Jonathan has proven to be an outstanding leader and has been instrumental in the growth of the company,” Anderman stated in today’s announcement. “I am pleased to pass the baton to Jonathan and am confident in his ability to advance our leadership position in the mortgage technology industry.”
Anderman will continue in his role as executive chairman of Ellie Mae, a Mortgage Daily advertiser.
Corr
has a Bachelor of Science degree in Engineering from Columbia University. He obtained a Master’s degree in Business Administration from Stanford University.
Prior to joining Ellie Mae, Corr worked at PeopleSoft Inc., Netscape Communications Corp. and Kana Software.
“I have witnessed the transformation of our company from a start-up to an industry leader,” Corr said in the statement. “I’m excited to assume this role and look forward to working with the Ellie Mae team to continue to execute our growth strategy.”
His appointment comes coincides with last week’s death of Donna Douglas, who played the company’s namesake, “Elly May,” in the 1960s television series the The Beverly Hillbillies.
Ellie Mae reported in 2011 that it had a 20 percent market share. Last year, approximately 3.5 million loan applications were reportedly processed through its Encompass management solution.
